Rochester, NY -- Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it intends to raise CDN$460,000 via a non-brokered private placement.
The placement involves the sale of up to two million units at a price of $0.23 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.30 for a period of three years from closing.
Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied to further development of the company’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.